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Last updated on April 18, 2014 at 10:39 EDT

Taseko and Williams Lake Indian Band sign Participation and Cooperation Agreement

April 3, 2013

VANCOUVER, April 3, 2013 /PRNewswire/ – Taseko (TSX: TKO; NYSE MKT: TGB) (the
“Company”) is pleased to announce that a Participation and Cooperation
Agreement has been finalized between the Gibraltar Mine and the
Williams Lake Indian Band (“WLIB”).

The agreement is intended to enhance understanding, communication and
cooperation with the WLIB. It includes provisions for the establishment
of an implementation committee, community engagement, education and
training initiatives and economic development initiatives.

Russell Hallbauer, President and CEO of Taseko, commented, “We are
pleased with the working relationship that has been developed with the
WLIB over the past year. The agreement reflects a commitment to work
together for mutual benefit. Both parties are aligned in their
interests and in their commitment to ensure the Gibraltar Mine
continues to generate local value and opportunity through
environmentally sound mining practices.”

Ann Louie, WLIB Chief stated, “We are extremely pleased to conclude this
agreement with Gibraltar Mines Ltd. Gibraltar Mine has been in
existence since the seventies, and we know that it’s not going
anywhere.  Now we have clarity as to how we can work together to deal
with future activity at the mine.  Williams Lake Indian Band’s
approach, where possible, is to work with industry to build
relationships and partnerships. We are hopeful that this will be the
beginning of a lengthy and cooperative relationship with Gibraltar
Mine.  We commend Gibraltar, and its parent company Taseko, for working
with us to conclude this agreement.”

Note: Gibraltar is a Joint Venture owned by Taseko Mines Limited (75%)
and Cariboo Copper Corp. (25%).

Russell Hallbauer
President and CEO

No regulatory authority has approved or disapproved of the information
contained in this news release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains “forward-looking statements” that were based on
Taseko’s expectations, estimates and projections as of the dates as of
which those statements were made. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology
such as “outlook”, “anticipate”, “project”, “target”, “believe”,
“estimate”, “expect”, “intend”, “should” and similar expressions.

Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the Company’s actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. These included but are not limited to:

        --  uncertainties and costs related to the Company's exploration
            and development activities, such as those associated with
            continuity of mineralization or determining whether mineral
            resources or reserves exist on a property;
        --  uncertainties related to the accuracy of our estimates of
            mineral reserves, mineral resources, production rates and
            timing of production, future production and future cash and
            total costs of production and milling;
        --  uncertainties related to feasibility studies that provide
            estimates of expected or anticipated costs, expenditures and
            economic returns from a mining project;
        --  uncertainties related to our ability to complete the mill
            upgrade on time estimated and at the scheduled cost;
        --  uncertainties related to the ability to obtain necessary
            licenses permits for development projects and project delays
            due to third party opposition;
        --  uncertainties related to unexpected judicial or regulatory
            proceedings;
        --  changes in, and the effects of, the laws, regulations and
            government policies affecting our exploration and development
            activities and mining operations, particularly laws,
            regulations and policies;
        --  changes in general economic conditions, the financial markets
            and in the demand and market price for copper, gold and other
            minerals and commodities, such as diesel fuel, steel, concrete,
            electricity and other forms of energy, mining equipment, and
            fluctuations in exchange rates, particularly with respect to
            the value of the U.S. dollar and Canadian dollar, and the
            continued availability of capital and financing;
        --  the effects of forward selling instruments to protect against
            fluctuations in copper prices and exchange rate movements and
            the risks of counterparty defaults, and mark to market risk;
        --  the risk of inadequate insurance or inability to obtain
            insurance to cover mining risks;
        --  the risk of loss of key employees; the risk of changes in
            accounting policies and methods we use to report our financial
            condition, including uncertainties associated with critical
            accounting assumptions and estimates;
        --  environmental issues and liabilities associated with mining
            including processing and stock piling ore; and
        --  labour strikes, work stoppages, or other interruptions to, or
            difficulties in, the employment of labour in markets in which
            we operate mines, or environmental hazards, industrial
            accidents or other events or occurrences, including third party
            interference that interrupt the production of minerals in our
            mines.

For further information on Taseko, investors should review the Company’s
annual Form 40-F filing with the United States Securities and Exchange
Commission www.sec.gov and home jurisdiction filings that are available at www.sedar.com.

SOURCE Taseko Mines Limited


Source: PR Newswire